'Long-term economic growth' is a term used to describe

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Long-term economic growth refers to the sustained increase in real GDP per capita over time. This means that the economy is producing more goods and services per person, which can lead to higher standards of living and greater economic well-being. Factors that contribute to long-term economic growth include investment in human capital and physical capital, technological progress, and government policies that promote economic stability and efficiency. Falling unemployment rates, rising price levels, and rapid population growth are not necessarily indicators of long-term economic growth.

'Long-Term Economic Growth' Is a Term Used to Describe